Net Asset Value(s)

Chelverton Small Companies Dividend Trust PLC
The Company announces:
Total Assets (including unaudited revenue reserves at 15/12/2017) of £58.62m
Net Assets (including unaudited revenue reserves at 15/12/2017) of £45.89m
The Net Asset Value (NAV) at 15/12/2017 was:
					Number of shares in issue:
Per Ordinary share (bid price) - including unaudited current period revenue*			258.15p		17,775,000
Per Ordinary share (bid price) - excluding current period revenue*			253.85p
Ordinary share price			253.50p
Premium / (Discount) to NAV			(1.80)%
Ordinary shares have an undated life
ZDP share			136.21p		9,349,000
ZDP share price			139.25p
Premium to NAV			2.23%
ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018
*Current period revenue covers the period 01/05/2016 to 15/12/2017
	Name of company		% of portfolio
1	Diversified Gas & Oil Plc Ordinary 1p		2.77
2	DiscoverIE Group Plc GBp 5		2.60
3	StatPro Group Plc Ordinary 1p		2.29
4	Alumasc Group (The) Plc Ordinary 12.5p		2.10
5	Galliford Try Plc Ordinary 50p		2.08
6	McColl's Retail Group Plc Ordinary 0.1p		2.05
7	Gattaca Plc Common GBp1		2.02
8	Marston's Plc Ordinary 7.375p		1.96
9	Amino Technologies Plc GBp 1		1.94
10	Belvoir Lettings Plc Ordinary		1.93
11	Jarvis Securities Plc Ordinary 1p		1.91
12	Numis Corporation Plc Ordinary 5p		1.89
13	Connect Group Plc Ordinary 5p		1.82
14	Curtis Banks Group Plc GBp0.5		1.79
15	Polar Capital Holdings Plc GBp 2.5		1.78
16	Mucklow (A&J) Group Plc REIT 25p		1.72
17	Braemar Shipping Services Plc GBp 10		1.66
18	Ramsdens Holdings Plc Ordinary		1.65
19	Personal Group Holdings Plc Ordinary 5p		1.63
20	Strix Group Plc GBp 1		1.61